As property taxes continue to rise across Chicago and Cook County, it’s important that homeowners make sure they’re not leaving money on the table. At IKGroup, our goal goes beyond helping you buy or sell—we’re here to help you maximize the value of your homeownership every step of the way.
Whether you’re a senior, veteran, long-time homeowner, or recently made home improvements, you may qualify for valuable tax exemptions that can lower your annual property tax bill.
Here’s a clear breakdown of the most common Cook County property tax exemptions you should be aware of:
🏠 Cook County Assessor’s Office Exemptions
- Homeowner Exemption
Reduces the assessed value of your primary residence, lowering your overall tax bill. - Senior Citizen Exemption
Offers additional savings for homeowners aged 65 and older who occupy the property. - Low-Income Senior Citizen Assessment Freeze
Freezes your home’s assessed value (not your tax amount) to protect qualifying seniors from tax increases due to market changes. - Longtime Homeowner Exemption
Designed for homeowners who’ve lived in their property for 10+ years and experienced a sharp increase in assessed value. - Home Improvement Exemption
If you’ve added new features or made improvements, this exemption defers the resulting increase in property taxes for up to four years. - Persons with Disability Exemption
Provides a reduction in assessed value for qualified homeowners with disabilities. - Returning Veterans Exemption
A one-time reduction for veterans returning from active duty. - Veterans with Disabilities Exemption
Offers significant tax relief based on the degree of service-connected disability.
🛡️ Cook County Treasurer’s Office Exemptions
- Active Military Exemption
Tax reduction for homeowners currently serving in the U.S. Armed Forces. - Surviving Spouse Abatement
Full property tax abatement for surviving spouses of military personnel or first responders who died in the line of duty.
✅ How to Review & Apply
You can verify your current exemptions and apply for any you’re missing directly online:
🔗 Cook County Assessor’s Exemptions Portal
🔗 Cook County Treasurer’s Website
🔗 Property Info Lookup Tool
Note: Some exemptions can be applied retroactively for up to three years if you qualified but didn’t apply—don’t miss this opportunity!
💬 Have Questions?
If you’re not sure what you qualify for or need help checking your current exemptions, I’d be happy to assist.
📩 Reach out any time—I’m here to make sure you make the most of your homeownership.
For more expert tips, email me at ivona@ivonahomes.com